This article is the second half of a series concerning advanced decisions. Central to the problem of AMT (advanced manufacturing technology) is that investment is uncertainty. Under consideration is a highly expensive innovation, often bringing unprecedented operational routines and...

This article is the first half of a series concerning advanced manufacturing technology (AMT) investment decisions. Individual problems with formalised techniques in this field are reduced by the frequency of their joint use in organisations. The article emphasises that it is important to...

Gives a brief background to risk evaluation methods and measures. Offers a simple definition of risk which may be useful to the managers. Examines risk issues relative to the statement of income, which allows a review of factors contributing to risk. Categorizes the origins of risk. Finally,...